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What are the steps in strategic planning and how can this be helpful?

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Answer:

Step-by-step explanation:

Strategic planning lays the foundation for other administrative processes, such as organization, management and control, being the heart of decision making

1. Vision statement

2. Mission statement and establishment of values

3. External analysis of the company

4. Internal analysis of the company

5. Establishment of the general objectives

6. Design, evaluation and selection of strategies

7. Design of strategic plans

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